What's Affecting Oil Prices This Week (August 13, 2018)?
Brent fell $0.54/bbl last week to average $73.11/bbl while WTI fell $0.89/bbl to average $67.91/bbl.
US-China Trade Spat Could Hit Oil Demand, IEA Warns
Although the IEA did not lower its annual oil demand expectations, the group noted growth could cool down later this year if trade tensions between U.S.-China escalate.
Anjli Raval and David Sheppard, Financial Times
HEADLINES: Permian Deals Dominate Week
In China, tariff rhetoric kept heating up, this time over LNG with the country threatening a 25% tariff on U.S. imports.
Frac Spread: It’s Ethane’s World; We Just Live In It
NGL prices slip as a whole, but trade fears are unlikely to materialize.
Pipelines
Apache, Kayne Anderson Form Partnership, New Midstream Company
Altus Midstream will open with a market value of $3.5 billion as it becomes a power player in the Permian Basin.
Crude Oil
Study: Little Consensus On Impact Of Electric Vehicles On Oil Demand
Forecasters see the benefit of EV conversion but costs, battery life and demand make the future uncertain.
Finance
Topic 606 And More
Public midstream firms need to prepare for the impact of new accounting rules.
Reid Brooks and Josh Sherman, Contributors
Crude Oil
Export Troubles? Solution May Be Trade-Offs
U.S. LNG exporters can compete against Chinese tariffs or seek other markets; and the Nord Stream 2 pipeline does not have to lock up the European gas market.
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